Dynamic Technology Lab Private Ltd Acquires 36,196 Shares of NMI Holdings Inc $NMIH

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in NMI Holdings Inc by 531.5%, now owning 43,006 shares worth approximately $1.55 million.
• NMI reported $1.22 earnings per share for its most recent quarter, exceeding analysts' expectations, with a revenue of $149.07 million, which is a 7.2% year-over-year increase.
• Analyst ratings for NMI are mixed, with three analysts rating it as a Buy and three as a Hold, while the current consensus target price stands at $42.33.

Dynamic Technology Lab Private Ltd boosted its holdings in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 531.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 43,006 shares of the financial services provider's stock after buying an additional 36,196 shares during the period. Dynamic Technology Lab Private Ltd owned 0.06% of NMI worth $1,550,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in NMI during the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in NMI during the 1st quarter valued at approximately $33,000. Neo Ivy Capital Management purchased a new stake in NMI during the 1st quarter valued at approximately $47,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of NMI during the first quarter valued at approximately $48,000. Finally, Quarry LP lifted its holdings in shares of NMI by 89.3% in the first quarter. Quarry LP now owns 1,482 shares of the financial services provider's stock worth $53,000 after buying an additional 699 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NMIH. Compass Point reiterated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a report on Friday, May 23rd. Barclays lifted their target price on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods lowered NMI from an "outperform" rating to a "market perform" rating and increased their price target for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Wall Street Zen cut NMI from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, JPMorgan Chase & Co. upped their price objective on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.33.

NMI Trading Up 0.4%

NMIH stock traded up $0.15 during midday trading on Wednesday, reaching $39.63. 383,998 shares of the company traded hands, compared to its average volume of 309,388. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.14 and a beta of 0.55. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The business has a 50 day moving average of $39.06 and a 200-day moving average of $37.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. NMI had a return on equity of 16.51% and a net margin of 55.57%.The firm had revenue of $149.07 million during the quarter, compared to analysts' expectations of $173.39 million. During the same quarter in the previous year, the business earned $1.20 EPS. The company's quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

NMI Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.